Dogelon Mars (ELON) has pumped by 45% over the past 24 hours. The meme coin has been one of the top gainers over the past 24 hours. ELON’s gains come shortly after Elon Musk completed his purchase deal for Twitter.
Dogelon Mars pumps 45%
At the time of writing, ELON was trading at $0.0000003948, according to CoinGecko. The token has seen a notable rise in the buying pressure, as seen in the trading volumes of over $21.38 million reported over the past day.
In the last 24 hours, ELON has traded between $0.0000002664 and $0.0000004003, showing notable volatility. However, ELON is still down by 84% from its all-time highs in October last year.
ELON is one of the trending low cap cryptos today. As traders look for tokens that have the potential to rally by significant margins in the short-term, Dogelon Mars’ price could go higher and possibly break past $0.0000005 in the short term.
ELON’s technical indicators show that there is a fight between the buyers and the sellers. The Relative Strength Index at 55 shows that buyers currently have control, but the token is yet to reach the overbought region.
On the other hand, the movement of the Moving Average Convergence Divergence (MACD) line shows that the bullish trend is at play, but it is not very strong. These indicators are quite bullish for ELON, as the token is likely to head higher.
Why you should buy Tamadoge instead
Meme coins are usually driven by hype. There is hype surrounding meme coins after Elon Musk purchased Twitter, which has seen most meme coins trading in the green zone.
However, such hype is usually short-lived, which is why most meme coins experience periods of high volatility. The lack of utility and failure to launch with solid fundamentals has seen some meme coins record notable dips.
Tamadoge, a meme coin that launched recently, is changing the narrative by allowing the meme coin community to access the blockchain gaming sector. Tamadoge will support a metaverse project where purchases can be made using TAMA tokens.
As one of the best utility tokens, TAMA was listed on the OKX exchange shortly after launching. Tamadoge has dropped by 2% over the past 24 hours, but the price retracing could make the token attractive to buyers that want to buy low. The Tamadoge NFT drop could ignite the next TAMA bull run.
New cryptos to buy today
If you want to diversify from meme coins, some of the best cryptos to invest in today are Dash 2 Trade, IMPT, and Calvaria.
Dash 2 Trade is a new project seeking to give crypto traders access to trading signals and data to help them make informed investment decisions. The D2T presale is already a resounding success after raising $3.1 million.
The next token to explode is IMPT. IMPT is the native token for the IMPT.io project using blockchain to lower carbon emissions. The project seeks to lower the carbon footprint of individuals and businesses.
The Calvaria (RIA) presale is also a notable success, having raised more than 574,000 USDT since its launch. Calvaria is a blockchain gaming project that aims to attract traditional and crypto-friendly gamers.
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